February 14, 2023 – King of Prussia, PA
On January 1, 2023, Gallagher Fluid Handling, LLC completed the acquisition of Charts, Ltd. (Midland, TX). Charts manufactures high-quality American-made gas measurement devices and distributes a wide range of products used in the upstream production of oil and gas. Charts is the leading brand in the Permian Basin for Analog Chart Recording devices.
Gallagher Fluid Handling, LLC (GFH) is a subsidiary of Gallagher Industrial Products, LLC (GIP). Charts is the second acquisition for GFH, joining IEQ Industries which was acquired in April of 2022. IEQ is a distributor of reciprocating pumps and components. The Oil and Gas focus of IEQ makes these two companies’ a natural fit to grow in partnership together.
GIP Chief Executive Officer, Chris Gallagher, says “Charts Ltd. is the largest acquisition in the history of the Gallagher organization, bringing in a new line of products and expertise. Having a new flagship facility in Midland offers an incredible opportunity to grow our Oil and Gas business over the coming years. I am very excited to start working with Chris Martin and his amazing team. We are very excited about what Charts brings to the table, helping to diversify our product offering to key customers across the board.”
The acquisition of Charts, Ltd. brings the total number of acquisitions by Gallagher Industrial Products to four since the start of 2022. “These acquisitions have allowed us to transform our business into something much larger than seals,” says Chris Gallagher. “We are excited about the expansion of our three divisions, and we will continue to focus on engineered products and solutions.”
About Charts, Ltd.
CHARTS Ltd. was established as a company in 1979 to provide custom design, fabrication, installation, and high-quality products and services to the oil & gas sector. For four decades, Charts has been a key manufacturer and supplier to some of the largest companies in the Permian Basin, supporting key initiatives to energy development across the United States.
About Gallagher Fluid Seals
Founded in 1956, Gallagher Fluid Seals represents the strongest seal manufacturers in the world, in addition to operating its own gasket fabrication facility. It serves both original equipment manufacturers and maintenance, repair and operations customers through the development of technical solutions that solve sealing challenges.